EASTERN CO (EML): debt financing — Eastern Company amends credit agreement, ups revolving commitment to $50M

EASTERN CO

Revolving commitment increased to $50M from $30M; incremental commitments reduced to $55M from $75M.
General investments basket raised to $25M from $10M, subject to gross leverage ratio and business-type limits.
Capital lease indebtedness basket raised to $15M from $10M.
Amendment dated April 4, 2025, with TD Bank as administrative agent and lenders.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EASTERN CO amended credit facility of $50 million with TD Bank, N.A..

Instrument: credit facility
Principal: $50 million
Counterparty: TD Bank, N.A.
Event: amendment

Exact text from the filing

increases the total revolving commitment under the Credit Agreement to $50 million from $30 million

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Source: SEC EDGAR

accession 0001654954-25-004078

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